Loews Stock Price, News & Analysis

Loews Corporation (NYSE: L) announced that its Chief Financial Officer, David B. Edelson, will step down in May 2022 after serving since 2014. Jane Wang, currently a Vice President at the company, will succeed him. Edelson will remain as a Senior Advisor to facilitate a smooth transition. James Tisch, the CEO, praised Edelson for his pivotal role in the company's transformation during his tenure. Wang has extensive experience in strategic planning and capital markets management and serves on the boards of several subsidiaries.

Loews Corporation (NYSE: L) reported a strong third quarter of 2021 with net income of $220 million, or $0.85 per share, up from $139 million, or $0.50 per share, in Q3 2020. For the nine months ending September 30, 2021, net income reached $1.24 billion, reflecting a significant recovery from a $1.33 billion loss in the same period of 2020. Key contributors included improvements in CNA Financial's underwriting results, Boardwalk Pipelines' increased revenues, and a rebound in Loews Hotels due to leisure travel. Book value per share rose to $70.21.

Loews Corporation (NYSE: L) announced that Andrew H. Tisch will retire from the Office of the President at the end of 2021, after 50 years with the company. He will remain on the board as Co-Chairman and continue his role at CNA Financial. Tisch has been instrumental in the company’s financial management and corporate development. Both James S. Tisch and Jonathan M. Tisch expressed gratitude for his contributions, particularly in the hotel sector.

Loews Corporation operates in insurance, energy, hospitality, and packaging industries.

Loews Corporation (NYSE: L) will announce its third quarter 2021 financial results on November 1, 2021. The conference call for investors will commence at 10:00 a.m. ET, hosted by CEO James S. Tisch and CFO David B. Edelson. Shareholders can submit questions in advance to be potentially addressed during the call. Live webcasting of the call will be available on the company's website, and a replay will be accessible until December 22, 2021.

Loews is a diversified company engaged in insurance, energy, hospitality, and packaging.

On October 12, 2021, Loews Hotels & Co commenced construction on the $550 million Loews Arlington Hotel and Convention Center in Arlington, Texas. This full-service resort aims to bolster the city’s appeal as a top destination for conventions and leisure travel, complementing existing attractions like AT&T Stadium. Scheduled to open in early 2024, the hotel will feature 888 guestrooms, vast meeting spaces, and various dining options, furthering Loews' commitment to the travel and tourism sector's recovery post-pandemic.

Loews Corporation (NYSE: L) has declared a quarterly dividend of $0.0625 per share, payable on August 31, 2021, to shareholders of record as of the close of business on August 18, 2021. As a diversified company, Loews operates across various industries, including insurance, energy, hospitality, and packaging. The dividend reflects the company's commitment to returning value to shareholders.

Loews Corporation (NYSE:L) reported a net income of $754 million, or $2.86 per share, for Q2 2021, improving from a net loss of $835 million, or $2.96 per share, in Q2 2020. For the first half of 2021, net income reached $1.0 billion, or $3.82 per share, compared to a net loss of $1.5 billion, or $5.16 per share, in the same period last year. A key factor was a $438 million after-tax gain from the sale of Altium Packaging. Additionally, CNA Financial and Boardwalk Pipelines contributed positively to revenue growth, with hotel operations recovering from pandemic impacts.

Loews Corporation (NYSE: L) will announce its second quarter 2021 financial results on August 2, 2021. A conference call for investors is scheduled for 10:00 a.m. ET, featuring CEO James S. Tisch and CFO David B. Edelson. Shareholders are encouraged to submit questions beforehand, which management may address during the call. The news release and a live webcast will be accessible on the Loews Corporation website. Replays of the call will be available until September 30, 2021.

Loews Corporation (NYSE: L) has declared a quarterly dividend of $0.0625 per share of Common Stock, scheduled for payment on June 8, 2021. Shareholders must be on record by the close of business on May 26, 2021 to receive this dividend. Loews Corporation operates in diversified sectors including insurance, energy, hospitality, and packaging, reflecting its robust business model. This dividend announcement underscores the company’s commitment to returning value to its shareholders while maintaining a diverse portfolio.